To revolutionise the accessibility and reliability of financial market data, TTMzero, the leading RegTech and Capital Markets technology specialist is now partnering with the Pyth Network oracle, thereby helping to address the demand for transparency and unwavering dependability within the DeFi market. By empowering the Pyth Network community with unparalleled access to reliable and accurate on-chain real-time pricing data, the partnership is poised to shape the landscape of financial data availability within the blockchain space.
Supporting the growing DeFi sector seeking to provide financial services and applications in a decentralised and transparent manner, TTMzero, part of United Fintech, and Pyth Network are now partnering to integrate TTMzero’s financial data solutions into Pyth Network’s secure and decentralised infrastructure; to expand the Pyth Network’s current market data coverage with critical market sources like US equities, Foreign Exchange, and Metals data.
“We are thrilled to partner with Pyth Network in this collaboration. By integrating our reliable real-time pricing solution into the blockchain ecosystem, we empower the community with real-time access to valuable data. This partnership addresses the market’s demand for transparency and reliability while driving the transformation of decentralised finance”, said Simon Ullrich, Managing Director and co-founder at TTMzero, part of United Fintech.
Reshaping the landscape of financial data available in the blockchain space
The collaboration between TTMzero and Pyth Network marks a significant step towards unlocking the full potential of decentralised finance. By providing this high-quality and market proven financial data, TTMzero supports Pyth Network’s ambition of enhancing the accuracy and reliability of pricing information available on-chain. Combining TTMzero and Pyth Network’s expertise, the industry leaders aim to reshape the landscape of financial data availability within the blockchain space, fostering a more inclusive and decentralised ecosystem.
“As the Pyth Network continues to scale and bridge off-chain data on-chain, it is paramount to partner not only with the leading players in crypto, but also with top-tier and highly sophisticated fintech. TTMzero brings extensive expertise in the area, and their state-of-the-art evaluated real-time pricing supports Pyth’s ambition of enhancing the accuracy and reliability of pricing information available on-chain. This collaboration will undoubtedly strengthen the quality and accessibility of data within the blockchain ecosystem.” said Stephen Kaminsky, Strategic Initiatives at Jump Crypto, a contributing firm to the Pyth Network.
About Pyth:
Pyth is a first-party financial oracle network designed to publish continuous real-world data on-chain in a tamper-resistant, decentralised, and self-sustainable environment. The network incentivises market participants — exchanges, market makers, and financial services providers — to share directly on-chain the price data collected as part of their existing operations. The network then aggregates this first-party price data on-chain and makes it available for free to either on- or off-chain applications. Pyth data end-users will have the option of paying data fees to hedge against potential oracle failure. This data fee model is part of Pyth’s incentive mechanism design which aims to attract more publishers to the network and, in turn, enhance network robustness.
Learn more here: pyth.network
